Yes, you can get a registration loan with no credit card. You don’t even need a bank account to get this type of funding. Along with some basic documentation, all that is required of a borrower to get a registration loan is to merely present the auto registration card to the lender.
However, many registration loan lenders require access to the borrower’s bank account, access to their debit card, or permission to perform ACH transactions in to receive approval for registration loan funding. This is so the lender can take money from the borrower’s account directly, if they are ever late on a payment.
Often times, registration loan lenders will even grant the borrower more loan money when they provide their account information. Registration loans almost always come with very short terms and high interest rates. These factors make paying back registration loans are very difficult, making it more likely that the borrower might default or be late on a payment. When this happens, the lenders can use the borrower’s personal information to transfer money out of their accounts.
Registration loans come with a lot of hassles and hidden strings and it is in your best interest to avoid them. There may be better options out there for you!
Have you considered an auto title loan? You do not need a credit card in order to get approved for an auto title loan. Getting a title loan with LoanMart doesn’t come with all the inconveniences that may be associated with registration loans.
A great auto title loan from LoanMart can give you the financial assistance you’ve been looking for1, and you may be able to receive your money in as little as 24 hours3!
What Do I Need to Get an Auto Title Loan?
While it is true that you do not need a credit card in order to get an auto title loan, there are some documents you must provide before you are paid1. Getting your auto title loan from LoanMart is one of the best ways to receive the money you need in a timely fashion. We will need you to provide some basic documentation before we can draw up your loan contract. The core documents you will need to provide when you get a LoanMart auto title loan are:
- Government-Issued form of Photo ID
A driver’s license, state-issued ID, or a passport would work perfect. The ID just needs to have your picture on it and be government-issued. Gym memberships and grocery store cards are not acceptable forms of ID as they are not provided to you by the government, even though they may have your photo on them.
- Proof of Residence
LoanMart will need to have your current address and proof that the address you provided is legitimately yours. This is most often done by providing something like a utility bill, lease, or some other piece of important mail addressed to you at your current residence.
- Proof of Income
Proof of Income does not just mean a pay stub from your job. Social security, disability, or a bank account are all acceptable confirmations of revenue.
- Vehicle Title
During the time of your auto title loan, LoanMart will hang onto your vehicle title for safe keeping. We may also still be able to help you if you cannot locate your vehicle title or if your name isn’t the only one listed. Just talk to your helpful LoanMart auto title loan agent.
- Photos of Your Car
LoanMart also needs a few photos of your car. You can even take the pictures straight from your mobile device and send them straight to us by texting the photos to the number 1-818-315-8741. Don’t worry about having to drive your car all the way out to us, some electronic pictures of your car from multiple angles will do just fine!
“Why Should I Go to LoanMart?”
Although LoanMart is now an ever-expanding company doing business throughout the United States, we haven’t forgotten our small-town roots. LoanMart started as a little local business in Sherman Oaks, California, and our small-town local business practices have stayed with us throughout our journey to success.
Still giving back to our community, LoanMart is the proud sponsor of a minor league baseball team in the California state area. Check out our sponsor page to see all the ways LoanMart gives back to the community!
The secret to LoanMart’s success lies within our 3-point mission. Here’s how it works:
- Customer Service
LoanMart is dedicated to identifying and addressing your needs. Our customers are the heart and soul of what we do, and we show them we care by being there for them. LoanMart has qualified representatives available seven days a week with extended hours for your convenience. Allow LoanMart to get you the help you need1!
In order to make the best decisions for yourself you need all the facts first. That’s why LoanMart is driven to provide you with the most accurate and useful information when it comes to making important financial decisions with your auto title loan. When you are armed with all the information you need you can make the best choices for yourself!
LoanMart is proud of our encrypted network, because it works to keep your information safe from internet thieves and hackers. Keep your personal details secure when you choose LoanMart.